I think you missed my point. No one cares to mention a positive about a near 300 point INCREASE in the DOW, just when it loses, it's talked about. I'm fully aware of the fickleness of the stock market and it's ability to turn one's portfolio into a sack of turds. But a one day gain of 2.5 % may not be enough to get 'excited' about, it sure heals some painful wounds after watching a 2 month free fall.

No, I understood your point completely.

I just don't think a one or two day pop does anything to "heal wounds". It is not a trend.

Once we see if the TREND starts moving up consistently, and the moving average finds some solid gains [remember when we were talking about the 12,300 moving average as the bottom] THEN is the time to look at talking about positives.

It is why I don't post up "we went down 200 today" threads, they don't make any sense either. It is trends that matter.

McBear, Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.

Well, up another 207.38 to settle at 11,446.66. Up 500 points in 2 days. Of course, it could go down 500 tomorrow if oil takes a jump. Oil has fell again to 129.29 a barrel, down another $5.31. Oil still needs to go down another $60 a barrel.

Yep, today's ride was courtesy of the financial sector which was hit the worse. BoA was up 17%, Citi up 95 and JPMorgan/chase 13.5% and AmEx 5.3%. They had been down in the gutter the longest and benefited from the bailout so it makes sense they would finally pop [they have a nice blank check now]. Rest of the DOW components were pretty flat.

I am convinced that anyone who would know the true direction of the stock market on any single day would retire on the tropical island with a lot of concubines instead of reading and writing useless $hit on the Internet forums...

I know what it will be tomorrow. Wire me US $1M to the National Bank of Nigeria and I'll tell you.

Peace and love,

General Abacha's Widow

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.

I am convinced that anyone who would know the true direction of the stock market on any single day would retire on the tropical island with a lot of concubines instead of reading and writing useless $hit on the Internet forums...

I am convinced that anyone who would know the true direction of the stock market on any single day would retire on the tropical island with a lot of concubines instead of reading and writing useless $hit on the Internet forums...

Just my $0.0135 after taxes...

Yeppers.

McBear, Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.